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II. Investment Appraisal HK Parcels plc is a delivery company that has been making losses in recent years in a very competitive market. HK arcels plc is now considering a project to purchase 10 new electric delivery vehicles to replace older diesel delivery ehicles. The other information and requirements are available as the following photos showed: fficulties in raising funds to d at a high rate of interest. 90%. calintal cost volved in the 10 new delivery vehic The delivery whicles are to be depressed over 5 years I-line metod, the residual value of the delivery vehicles is SSO 000 leach delivery vehick will make 50 deliveries phy, iers $2.50 per delivery Year and Year 3. ac delivery chick will make 65 ddivers 500 per delivery Year 4 and Your seade delivery vehicle will make so delivers pe ses 50 per delivery Scars 105, drivers will be paid 50.50 per delivery Your and Year 2 other mine costs (including depreciation) will week per delivery vehicle You and your othering costs (including decision will week per delivery velice Sotheruming costs including dejectice will be on a wa vehicle last day of You 5. all the delivery vehicles will be sold for w for each of the 5 years of th iod of the project. value of the project K Parcels plc, using your cal > livery vehicles will be operated for 6 days per week for 30 weeks a HK Parcels plc have had difficulties in raising funds to financ bank is only prepared to lend at a high rate of interest. The co Parcels plc for the project is 20%. Required: (1) Calculate the net cash flow for each of the 5 years of the proje (2) Calculate the payback period of the project. (3) Calculate the net present value of the project. (4) Evaluate the project for HK Parcels plc, using your calculation The total initial costs involved in buying the 10 new $600000. The delivery vehicles are to be depreciated o straight-line method, the residual value of the delivery vehi In Year 1, each delivery vehicle will make 50 deliver customers $2.50 per delivery. In both Year 2 and Year 3, each delivery vehicle will make charging customers $3.00 per delivery. In both Year 4 and Year 5, each delivery vehicle will make charging customers $3.50 per delivery. In all Years 1 to 5, drivers will be paid $0.50 per delivery. In both Year 1 and Year 2, other running costs (including de $800 a week per delivery vehicle. In both Year 3 and Year 4, other running costs (including de $900 a week per delivery vehicle. In Year 5, other running costs (including depreciation) will delivery vehicle. On the last day of Year 5, all the delivery vehicles will $50000 The delivery vehicles will be operated for 6 days per week